Self-driving cars to be 9 percent of global auto sales in 2035: study

DETROIT Tue Dec 31, 2013 1:32pm EST

Handout photo courtesy of the Nevada Department of Motor Vehicles shows a Google self-driven car in Las Vegas, Nevada, May 1, 2012. REUTERS/Nevada Department of Motor Vehicles/Handout

Handout photo courtesy of the Nevada Department of Motor Vehicles shows a Google self-driven car in Las Vegas, Nevada, May 1, 2012.

Credit: Reuters/Nevada Department of Motor Vehicles/Handout

DETROIT (Reuters) - Sales of vehicles able to drive themselves will account for about 9 percent of global auto sales in about two decades, according to a forecast published on Tuesday by auto industry consultant IHS Automotive.

The study focused on autonomous cars, which can drive with "no attention needed by the driver," IHS analyst Egil Juliussen said. Such cars are not currently available for sale, but IHS predicts they will be available around 2025.

IHS expects global sales of self-driving cars in 2025 to be 230,000 -- less than 1 percent of the 115 million cars expected to be sold that year.

But by 2035, sales of self-driving cars will reach 11.8 million, or 9 percent of the 129 million global auto sales expected that year, said Juliussen.

Most of these sales will be in well-established auto markets like the United States, Western Europe and Japan.

The pace of growth for self-driving cars will exceed that of electric cars, which have been hobbled by the high cost of batteries, Juliussen said.

(Reporting by Deepa Seetharaman; Editing by Dan Grebler)

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Comments (4)
Auto insurance companies are, at first, going to make boat loads of money when this comes to fruition…

Better start piling up on those stocks now-for my grandchildren anyways.

Dec 31, 2013 5:36pm EST  --  Report as abuse
Osbama wrote:
I know a young Ivy League law student who is running for Mayor of New York City on the platform of transforming Manhattan’s Ground Zero from the World Trade Center (WTC) into the World Transportation Center (WTC), epicenter of an ever-expanding, universal infrastructure that guides and propels driverless cars.

Jan 01, 2014 7:23pm EST  --  Report as abuse
Norm204 wrote:
That’s great! Now no matter how old and feeble I get I will always have a car. No one is going to tie me down in a nursing home. What a pain in the rear I’ll be to my kids: “Oh, the old pain in the ass just pulled into the driveway, again, someone go out and pull his rear end out of the backseat!”

Jan 02, 2014 9:15am EST  --  Report as abuse
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